UK VAT

UK VAT

February 25, 2019

Meaning of VAT Value Added Tax (VAT) is nothing but a general consumption tax that is assessed on the value added to goods & services. It is the indirect tax on the consumption of the goods, paid by its original producers upon the change in goods or upon the transfer of the goods to its ultimate consumers. It is based on the value of the goods, added by thetransferor. It is the tax in relation to the difference of the value added by the transferor and not just a profit.

Water and Shark refers to the Water and Shark Network and/or one or more of its member firms, each of which is a separate legal entity. Water and Shark is the brand under which the member firms of Water and Shark International, Inc. USA operate and provide professional services.